New York Markets After Hours

Canada hot stocks to watch: RIm, Precision

DowJones

TORONTO (MarketWatch) -- Listed below are the stocks expected to move during Tuesday's trading session. They are listed with Friday's closing prices. Markets were closed Monday for a holiday.

Research In Motion Ltd. (RIMM, C$29.59, -C$1.44, -4.6%) shareholder Jaguar Financial Corp. (JFC.T, C$0.08, C$0.01, 7.1%) is calling on RIM's board to consider a range of strategic alternatives, including a posible sale of the company or its patent holdings. Jaguar didn't disclose how many shares of RIM it holds.

Precision Drilling Corp. (PDS, C$13.01, -C$0.67, -4.9%) has reached an agreement with Canada's Revenue Agency to resolve a tax reassessement that Precision had disputed. Precision expects to receive an income tax reassessment totaling C$37 million, including interest. It expects the reassessment will result in a refund of C$71 million to it, but it will take a C$50 million one-time charge related to the CRA settlement.

CAE Inc. (CAE, C$10.23, -C$0.38, -3.6%) said it has received a series of military contracts valued at more than C$100 million.

Fortress Paper Ltd. (FTP.T, C$29.49, C$1.49, 5.3%) said construction related to the conversion of its specialty cellulose mill from a NBHK pulp to a dissolving pulp operation is proceeding mostly on schedule, thought it has "marginally" delayed the necessary shut down of the mill required for upgrades, meaning production of dissolving pulp is now scheduled to start in early November.

Silvercorp Metals Inc. (SVM, C$7.43, -C$0.80, -9.7%) moved Friday to deny allegations of accounting fraud lodged against it in an anonymous letter. The letter, sent to the Ontario Securities Commission and others, alleged a "potential $1.3 billion accounting fraud" at Silvercorp.

Canadian authorities raided the offices of SNC-Lavalin Group Inc. (SNC.T, C$50.85, -C$0.81, -1.6%) outside Toronto late last week in connection with a corruption probe into the company's work on a World Bank-funded bridge project in Bangladesh.

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